Source: Deutsche Welle [German state media]
“A Chinese steel giant demanded compensation from the United Kingdom government on Sunday, claiming thetakeover of its subsidiary, British Steel, was ‘outright robbery.’ The UK government took operational control of British Steel last year, after owner Jingye Group warned that Britain’s last factory capable of making steel from scratch was no longer financially viable. … The company noted that nationalization could cost UK taxpayers more than 1.5 billion pounds ($2.02 billion, €1.76 billion) by 2028. Jingye said it had begun a procedure under bilateral investment agreements to seek damages, without expanding further.” (07/19/26)
https://www.dw.com/en/china-firm-seeks-damages-over-state-control-of-british-steel/a-78024119